Dow Jones / US30 pulled back today and remains under its 1day MA50 for 20 days straight.
Despite this weakness, this is technically a bottom formation of the Channel Up.
As long as the 1day MA200 holds, the long term trend is bullish.
Technically, it is similar with the Channel's first correction, which also pulled back by almost -7%.
The 1day RSI is printing the same bullish divergence as then, which cause the price to rebound immediately and hit Resistance A.
Buy and target 45000.
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Despite this weakness, this is technically a bottom formation of the Channel Up.
As long as the 1day MA200 holds, the long term trend is bullish.
Technically, it is similar with the Channel's first correction, which also pulled back by almost -7%.
The 1day RSI is printing the same bullish divergence as then, which cause the price to rebound immediately and hit Resistance A.
Buy and target 45000.
Follow us, like the idea and leave a comment below!!
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TheCryptagon offers news & insights on global markets (crypto, forex, stocks, commodities). Follow so you don't miss anything!
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
🤑Message us for private forex & crypto signals in our VIP channel (70% accuracy)!💰
TELEGRAM: t.me/thecryptagon
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這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。